Conagra Brands (CAG) has reportedly sold
24,158 shares and divested the
Chef Boyardee Brand, in a
600 million USD deal to Hometown Food Company, a Brynwood Partners Portfolio Company. These recent moves feature in an exclusive Goldman Sachs Fireside Chat, as part of the Goldman Sachs Global Staples Forum. Several holders such as Aquatic Capital Management, State of Tennessee Department of Treasury, Public Employees Retirement Association of Colorado, Stifel Financial Corp and Price T Rowe Associates have trimmed, lowered or sold their Conagra stock holdings. Simultaneously, there is a considerable influx of shares into Conagra by companies like Dimensional Fund Advisors LP, Hsbc Holdings PLC, and Alliancebernstein L.P. revealing a fair market for shareholder activity. The company has adjusted its fiscal 2025 outlook and is prepared for growth but unfortunately, investing in Conagra Brands over the last three years has led to a
17% loss for the investors. The company continues to innovate with new ESG metrics, showing a strong consumer demand amid a depressed stock. However, Conagra's recent Q3 earnings reported a decline and the firm revised its profit forecast for 2025 due to supply constraints, resulting in further speculation on the company's performance.
Conagra Brands CAG News Analytics from Thu, 19 Dec 2024 08:00:00 GMT to Sat, 03 May 2025 18:20:05 GMT -
Rating 1
- Innovation 5
- Information 6
- Rumor -3
